On Oct 9, Project Energy Reimagined Acquisition Corp Received Notice From Nasdaq Indicating Co Is Not In Compliance With Nasdaq Listing Rule 5450(A)(2)
Portfolio Pulse from Benzinga Newsdesk
Project Energy Reimagined Acquisition Corp (PEGR) has received a notice from Nasdaq indicating that the company is not in compliance with Nasdaq Listing Rule 5450(A)(2).
October 13, 2023 | 9:07 pm
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NEGATIVE IMPACT
PEGR has been notified by Nasdaq of its non-compliance with Listing Rule 5450(A)(2). This could potentially lead to delisting if not rectified.
Non-compliance with Nasdaq's listing rules can lead to delisting, which would significantly impact the company's stock price and its ability to raise capital. This news is highly relevant and important for PEGR investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100